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Wednesday, October 21, 2009

Den Networks Ltd IPO opening on Oct 28 to Oct 30

Incorporated in 2007, Den Networks Limited is one of the largest national cable television companies in India engaged in the distribution of analog and digital cable television services. They launched their digital cable television services in February 2008 under the brand "Digitelly". Den Networks currently provide cable television services in the National Capital Region of Delhi and the states of Uttar Pradesh, Rajasthan, Maharashtra, Gujarat, Karnataka, Haryana, Madhya Pradesh and Kerala.

The price band for the issue has been fixed at Rs */- at lower level and Rs */- at upper level for equity share of Rs 10/-. Den Networks Ltd is entering in the capital markets with an initial public offering, IPO of 20,000,000 Equity Shares for cash, at a premium to be decided through a 100% Book Built Issue.

The issue will open on October 28, 2009, and closes for subscription on October 30, 2009. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Detailed information is now available on Den Networks Limited IPO information page.